Business, 13.12.2019 03:31, meadowsoares7

George earns $500,000 playing baseball for team x. his next best alternative to playing baseball is to own a fast-food restaurant, for which he would earn $100,000 a year. his next best alternative to playing baseball for team x is playing baseball for team y, for which he would earn $400,000 a year. this example best illustrates the economic principle that:
a. economic rent is never zero.
b. base-ball players earn higher incomes than fast-food resturanteurs.
c. economic rent exists in all situations.
d. economic rent differs depending upon the perspective from which the factor is viewed,

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George earns $500,000 playing baseball for team x. his next best alternative to playing baseball is...